Cort Petrocelli Coopersmith Team saddles up with Compass

The luxury team spent 24 years with Coldwell Banker before realigning with Compass, Inman has exclusively learned. Last year, the team traded $80 million in real estate transactions. Continue reading

Christie’s president: ‘Luxury isn’t a price point — it’s a level of service’

Despite instability, the priciest and most unique properties are still moving, Christie’s Co-CEO Thad Wong and President Chris Lim told Inman during the brokerage’s annual conference. Continue reading

California’s loathed ‘Mansion Tax’ falls flat in first full month in effect

Implemented in April on properties over $5 million, the ULA Tax was intended to bring in an average of $56 million in revenue per month to the city of L.A. During its first month, it brought in just $3.6 million. Continue reading

Thad Wong and Chris Lim pop the hood on Christie’s proprietary tech

During the 18 months that have taken place since the acquisition, the firm has gradually rolled out its proprietary technology, pl@tform, to Christie’s affiliates and early adopters are now seeing “great impacts,” said Thad Wong. Continue reading

SEE: Inside ‘Fifteen,’ The Agency’s first-ever NYC luxury condo project

The brokerage launched sales this week for its first-ever luxury condo new development project in The Big Apple. Sales agent Shane Boyle filled Inman in on all the juicy details, including the unparalleled views. Continue reading

After a year of hunting, JLo and Ben Affleck close on $61M mansion

They may have fame and money, but celebrities have to go through the painful process of house hunting just like the rest of us, Bennifer’s homebuying journey shows. Continue reading

Katzen Team repping Upper West Side townhouse conversion

The leading team at Douglas Elliman has launched sales at the recently renovated Renaissance-Revival building, which includes 10 one- to three-bedroom units, Inman has exclusively learned. One of the penthouses is already under contract. Continue reading

Florida agents fear unintended consequences of real estate ban

Senate Bill 264 goes into effect in July. It might not have a big impact on the buying power of foreign citizens, but the ripple effects of the law’s suggestively biased tone may set a precedent. Continue reading

One of California’s biggest ghost towns sells for $22.6M

Eagle Mountain, which operated an iron mine for over three decades and has largely been abandoned since the late ’80s, has been sold to a mysterious company for unknown future use. Continue reading

Doug Brown joins Barton Barrett Marshall Team at Douglas Elliman

Doug Brown brings nearly seven years of experience as vice president and senior vice president of Douglas Elliman Development Marketing to his new role in the team as new development specialist. Continue reading